this post was submitted on 19 Mar 2024
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A 1099 is an irs form to report income from all sorts of random places. Gambling winnings, forgiven debt, contract work, receiving stock, etc. There are special sub forms for certain types of income, 1099a is about taking property used as collateral for a loan in place of payment.
SovCits decided this form can be magical payment for things while keeping the thing.